NFL's Redskins to Be Sold
To Group Led by Milstein

An investment group led by New York real-estate executive Howard Milstein has bought the Washington Redskins football team and its two-year-old stadium for about $800 million.

The sale of the National Football League team by the estate of Jack Kent Cooke was announced Monday. It is the highest price ever paid for a U.S. professional sports franchise, surpassing the $530 million that credit-card mogul Alfred Lerner paid for the...